Northmill Bank AB
Sweden
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• No fees, no subscriptions and Deposit Guarantee protected.
No withholding tax
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1.88% AER
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Demand DepositAbout the Bank
Northmill is a neobank founded in 2006 with a vision to improve financial lives. We believe that the financial industry should be more about customer experience and personalization and less about how a bank should operate by traditional standards. We know that the next generation banking experience will be co-designed with customers - you.
More information about this bank
Year Established
2006
Place of Establishment
Stockholm
Number of employees
131
Business Focus
Retail Banking, Consumer Loans, Bank Deposits, Insurance
Market(s) in which the bank has branches
Sweden, Finland, Norway, Poland
* This information is provided by FMH-Finanzberatung e.K. FMH-Finanzberatung specialises in information on interest rates and financial products and has been collecting and processing financial data in Germany since 1986.. As of 28/4/2025.
Deposit Guarantee Scheme
In accordance with EU Directive 2014/49/EU, deposits with this Bank, inclusive of accrued interest not yet credited, are guaranteed by the Swedish statutory deposit guarantee scheme up to (the equivalent in euros of) SEK 1,050,000 per account holder, per bank. This amount also includes possible deposits and/or savings accounts ordered outside Raisin Bank. This protection covers the deposits of all natural persons, not only Swedish citizens. In the event of an intervention by the Swedish DGS, the payment shall be made in Euros to your Raisin Account, within 7 business days from the time the DGS comes into effect. In this case, the exchange rate applied will be the one valid at the time of the bank’s administrative settlement process and is thus subject to currency fluctuations. The administrator and executor of the deposit guarantee scheme is Riksgälden. For more information please visit https://www.riksgalden.se/en/)
Tax process and documentation
There is no withholding tax in Sweden.
Raisin Bank's role
With Raisin Bank, one login gives you access to competitive savings accounts from banks across Europe, allowing your savings to work even harder. No fees, no paperwork: saving with Raisin Bank is online and hassle-free.